Vanguard Space Technologies Awarded a Multi-Million Dollar Subcontract From LM

Vanguard Space Technologies, Inc. (Vanguard) today announced a multi-million dollar subcontract award from Lockheed Martin (NYSE: LMT) for fabrication and testing of two spacecraft bus structures for the U.S. Air Force's Advanced Extremely High Frequency (AEHF) Satellite. The AEHF Satellite Program is the next generation of global, highly secure, survivable communications systems for warfighters within all services of the Department of Defense. Vanguard is a leading supplier of space-qualified, high-performance composite structural components and systems for space products.

Frank Belknap, Vanguard's chief executive officer, stated: "We are very pleased to be awarded the AEHF bus structure program. Continuous improvement and performance on other complex composite assemblies are helping to establish Vanguard as an industry leader in the fabrication of spacecraft bus structures."

Jon DeVault, Vanguard's chairman of the board, stated: "This is a significant win for Vanguard. It establishes us in another market segment, which is critical to our strategic plan."

Source: Vanguard Space Technologies, Inc.
Date: May 16, 2012